China saw strong exports in photovoltaic products (PV) last year as the world picked up efforts to cope with climate challenges. In 2021, the country’s PV exports surpassed $28.4 billion, growing about 60 percent from $18.23 billion a year before, the Ministry of Industry and Information Technology said. With a …
Read More »India Aims to be Green Hydrogen Hub
India has unveiled the first part of a drive to attempt to turn the world’s third-largest emitter of greenhouse gases into a “hub” for green hydrogen. Green hydrogen is produced using non-fossil fuel power and is then used in carbon-heavy industrial processes like making steel and concrete, and for transportation. …
Read More »LG Energy Solution Opens Books for South Korea’s Largest IPO at up to $10.8 bln
Korean battery maker LG Energy Solution (LGES) has opened the books to investors to raise up to $10.8 billion in the country’s largest initial public offering (IPO), according to a term sheet seen by Reuters. The shares will be sold in a price range of 257,000 won to 300,000 won …
Read More »Belgium to Shut all Current Nuclear Reactors by 2025
Belgium has announced it will close its current nuclear power plants in the next four years. Progressively phasing out nuclear power has been enshrined in Belgian law for almost two decades. But on Thursday, following talks among coalition ministers, the government confirmed seven nuclear reactors at two plants, which generate …
Read More »The World Energy Balance is Changing before Our Eyes
On winter’s eve, Europe found itself in an unprecedented energy crisis. The oversupply of fuel observed over the past two years, leading to lower prices, was quickly replaced by an unparalleled shortage which shocked the continent’s electricity production and hit the lives of ordinary citizens. The energy crisis that gripped …
Read More »Shell Ends Dutch Era with Move to London
Shell has ended a century of history as a dual-national company by approving a proposal to base itself in London. During an extraordinary meeting of shareholders in Ahoy in Rotterdam, 99.77% voted in favour of relocating the company’s headquarters. Shell was founded in 1833 as an import-export business of tropical …
Read More »Russia Calls Further U.S. Sanctions Linked to Nord Stream 2 Illegal and Wrong
Russia on Tuesday said further sanctions imposed by the United States related to the Nord Stream 2 gas pipeline were “illegal and wrong,” especially at a time when Moscow and Washington are attempting to rebuild a dialogue. The United States has imposed further sanctions in connection with the Nord Stream …
Read More »China’s Installed Clean Energy Capacity Registers Rapid Growth
China’s installed capacity of renewable energy power generation reached 1 billion kilowatts (kWs) by the end of October, accounting for 43.5 percent of the total installation, data from the National Energy Administration (NEA) showed Saturday. The 1 billion-kW threshold doubled the figure at the end of 2015, the NEA said. …
Read More »NASA Seeks Ideas for a Nuclear Reactor on the Moon
NASA is collaborating with the U.S. Department of Energy’s Idaho National Laboratory to establish a sun-independent power source for missions to the moon by the end of the decade. The two, on Friday, put out a request for proposals for the fission surface power system. “Providing a reliable, high-power system …
Read More »The Greenest Olympic Games are Coming
The 2022 Beijing Winter Olympics will be the first “zero carbon” Olympics in history. Renewable energy will power the six venues cutting carbon emissions by 320,000 tons and the use of coal by 128,000 tons. With low-carbon technology used in construction and renovation, the global event is expected to be …
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